Algert Global LLC Has $3.49 Million Holdings in Louisiana-Pacific Co. (LPX)

Algert Global LLC raised its position in Louisiana-Pacific Co. (NYSE:LPX) by 32.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,700 shares of the construction company’s stock after acquiring an additional 31,179 shares during the quarter. Louisiana-Pacific makes up 0.8% of Algert Global LLC’s portfolio, making the stock its 5th biggest holding. Algert Global LLC owned 0.09% of Louisiana-Pacific worth $3,485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LPX. JPMorgan Chase & Co. increased its position in Louisiana-Pacific by 72.7% in the second quarter. JPMorgan Chase & Co. now owns 594,495 shares of the construction company’s stock worth $14,334,000 after buying an additional 250,213 shares in the last quarter. Federated Investors Inc. PA increased its position in Louisiana-Pacific by 16.9% in the second quarter. Federated Investors Inc. PA now owns 154,320 shares of the construction company’s stock worth $3,721,000 after buying an additional 22,326 shares in the last quarter. SG Americas Securities LLC increased its position in Louisiana-Pacific by 32.2% in the second quarter. SG Americas Securities LLC now owns 73,316 shares of the construction company’s stock worth $1,768,000 after buying an additional 17,859 shares in the last quarter. IndexIQ Advisors LLC increased its position in Louisiana-Pacific by 42.6% in the second quarter. IndexIQ Advisors LLC now owns 76,835 shares of the construction company’s stock worth $1,852,000 after buying an additional 22,940 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in Louisiana-Pacific in the third quarter worth about $271,000. 93.14% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on LPX shares. Longbow Research reiterated a “neutral” rating on shares of Louisiana-Pacific in a research report on Tuesday, October 10th. Royal Bank of Canada reiterated a “buy” rating and set a $37.00 target price on shares of Louisiana-Pacific in a research report on Monday, October 30th. BMO Capital Markets cut Louisiana-Pacific from a “market perform” rating to an “underperform” rating and increased their target price for the stock from $22.00 to $24.00 in a research report on Friday, September 29th. They noted that the move was a valuation call. Zacks Investment Research cut Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Vertical Research upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $29.67.

Louisiana-Pacific Co. (NYSE LPX) traded up $0.33 during midday trading on Thursday, reaching $26.85. The company’s stock had a trading volume of 1,024,600 shares, compared to its average volume of 1,804,868. The stock has a market cap of $3,890.00, a PE ratio of 14.41, a PEG ratio of 2.55 and a beta of 1.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.25 and a quick ratio of 4.31. Louisiana-Pacific Co. has a fifty-two week low of $18.69 and a fifty-two week high of $29.44.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Monday, November 6th. The construction company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.05). The firm had revenue of $718.30 million for the quarter, compared to analysts’ expectations of $731.47 million. Louisiana-Pacific had a net margin of 11.72% and a return on equity of 20.27%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. equities analysts predict that Louisiana-Pacific Co. will post 2.08 EPS for the current fiscal year.

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Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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